Transform Financial Woes Chapter 13 Bankruptcy Payment Plan

Eligibility and Costs

To qualify for Chapter 13 bankruptcy, your unsecured debts must be less than $419,275, and your secured debts must be less than $1,257,850². These figures are adjusted periodically to reflect changes in the consumer price index. The process begins with filing a petition with the bankruptcy court, accompanied by a proposed repayment plan. The cost of filing for Chapter 13 bankruptcy includes a $313 filing fee, although this may vary slightly depending on the jurisdiction³.